Great example, jmonroe. Helping my dad flush and bleed brakes was my first car maintenance experience back when I was around 10 years old. Good memories. I'd work the pedal and dad would collect the fluid from the caliper/drum. Now there are tools to make that process easier, but truth be told I still prefer the old fashioned method. $10 in fluid once every couple of years is as cheap insurance as one will find.
I'd work the pedal and dad would collect the fluid from the caliper/drum.
I don’t know how many times I had my sons work the pedal while I was under the car playing with the wheel cylinder/caliper bleed screw (must be a dad thing). My sons knew exactly what I wanted them to do and we never had a problem nor did it take very long.
When we moved to SC (only Mrs. j and I) I had to replace a wheel cylinder around ’94 on the car she drove. Since the kids were not there I had to use Mrs. j for the pedal pushing and she was very reluctant at first but finally did it. I warned her explicitly not to take her foot off the pedal until I said, “OK, take your foot off the pedal. Because if you take your foot off before I have the bleed screw closed, air will get into the brake system and you will have a car with mushy brakes and the car might not stop when you want it to stop. Just listen for my OK. Got that?” I must have really put the fear of the car gods in her because when I did the wheel cylinder bleed it went like this:
Me: OK, take your foot off the pedal.
Mrs. j: Did you say OK?
Me: Yes.
Mrs. j: Really, did you say OK take my foot off?
Me: Yes dear take your foot off the pedal.
Mrs. j: OK, I’m going to do it now. OK?
Me: PLEASE, do it NOW before I grow so old that I can’t do this anymore. Thank you.
This went on 3 or 4 times before I climbed out from under the car and told her that it was nice that she was finally listening to what I was saying but the job shouldn’t take this long.
I think that is the only time she listened to what I said the first time. :sick:
She enjoys telling this tale to people when she’s around and overhears the guys talking about brakes.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Welcome back. Isn't it nice to come back to this site where you can trust everybody? BTW, Fezo and I forgot your credit card number so would you mind giving it to us again? :P
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Yeah but mine is the least collectable one ever made (1984) and is hardly show quality. Except for the horsepower, the newer Vettes are suppose to be superior to the old ones but I still prefer the style of the Stingrays (Sting Rays).
I've seen those Makos. They're very evil looking. Cool. :shades:
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
A car like that 69 Shelby is probably best enjoyed in small doses. It's not really a daily driver type car. My Mustang (Our Mustang ) is 21 years old. Last Sunday, I took it down the the CT shore. Temps in the mid 70's, top down, 65 mph so you don't get beat up too much by the wind, and just a nice bit of nice exhaust noise out of the 5.0. It was such a great drive. Not only that, but @125 miles, the fuel gauge is usually sitting at 1/2. 140 miles and it still shows 5/8 left. BTW, it still has the original brake fluid, transmission fluid and coolant. :surprise:
2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
But, I said I read an article in the newspaper and then I copied the information from the article.
In fact I said, "There was an article in the paper the other day, the difference between being "frugal" and "cheap". " And then I gave the example from the article..........it wasn't my example and it wasn't my boyfriend.
People are just too quick to jump to conclusions........
I agree with you. My Dad loves the car. He works 6 days a week. Back in the late 1990's he got into bike riding. Since then, every nice Sunday he spends out on his bike. After a couple of years of not starting the car, he knew it had to be flat bedded to a shop & have work done to it just to start it up. So 2 years turned into 13 years real quick.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
Well, my wife did. We looked at the Fiat 500 first. Too small in her estimation, and thus didn't make the cut for a test drive. So here are the three she did drive:
2011 Mini Cooper Countryman- Nice enough, but not all that well equipped; no Xenons or Comfort Access(keyless start). She HATED the aluminum track that runs from front to rear and allows various accessories to be mounted on it.Only 3000 miles on it- the original owner died and his estate sold it to the dealer.
2011 Mini Cooper Clubman- She liked it a lot better; a Mini corporate car, it has 8000 miles on it and virtually every option save the sport package and navigation. She thought it drove better and had more power(it weighs @250 lbs. less than the Countryman). It doesn't have run flats -hooray!!!- and the wheels are only 15", making tire replacements relatively inexpensive.
2009 BMW 328i Coupe- Dull colors(Space Gray/Black) and the cold weather package is about the only option. CPO with 38000 miles. She likes BMWs and our dealer, but she wasn't in love with this car. Nice enough but hardly special was her response.
I showed her the new X1; the base AWD model with only heated seats is $36000. She may wait and order one.
More news as it becomes available...
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
That way, of car is totalled, you still get that back once the GAP is paid by insurance company!
Personally if I were to lease a car I would have to see what the down payment and monthly payments would be verses the monthly payments without the down payment. Then choose based on that,
To make such a decision based on an event that is unlikely is very poor planning.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
I used to lease because it was much less expensive than buying and paying off a loan!
I would have to disagree with that. In a year and a half my auto loan will be paid off and I will have a car that will give me several more years of worry free service with no car payment.
Can't do that when you lease.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
2011 Mini Cooper Countryman, 2011 Mini Cooper Clubman, 2009 BMW 328i Coupe, I showed her the new X1
What exactly is the criterion? Are these all manuals? Some are like wagons and 1 is a sedan. I guess my question really is, what does the car have to have.
Yes, if you like the car and decide to buy it back. And you will be buying it back for about half the price.
You will pay a little more for this convenience. But, at least leasing made it possible for him to drive a new car for a reasonable price, and gave him reliable care free driving for 3 years.
And the bonus, if he didn't like the car he can give it back and get a newer one. If he does like he can buy it back.
I will never lease. It just doesn't make fiscal sense.
For you it probably does make sense to buy rather than lease, but every one has different circumstances. It's right for some people, not right for others.
Leasing may not always make "fiscal" sense but in some cases it may make "logical" sense.
I'm just beginning to catch up on two weeks of these posts. We have worked each day for 10 days from early morning to late night getting settled. The furniture is in place; the 78 boxes are unpacked and put away;...
Nice to hear that this move is pretty much behind you. I know, you’ll be doing things for 2 years and it still won’t be how you want it but you know what I mean. Although with all the moves you’ve made this has to be like water rolling off a ducks back.
I also believe in Thank You notes being written for gifts. Many young people today fail to do this. A verbal gesture or an email does not satisfy that requirement. If I took the time to select and purchase a gift, then you should take the time to write me a note.
You must have gone to the same school that Mrs. j went to. When Son #1 got married she told both of them to set up a safe place that held all the gift cards with a note as to what was given so that when it was time to write the Thank You notes they would know where to find them and who gave what. She also told them that they should be sent out no later than 2 weeks after they returned from their honeymoon. Well, they “misplaced” some cards but they were “pretty sure” they knew who gave what. So, cards were sent out based on their thought of being “pretty sure”. To this day when some of the extended family gets together they still say to Son #1 and DIL #1, “you remember me I’m the one that didn’t give you the teapot, I gave you the toaster oven. Marcy gave you the teapot but you thought she gave you the knife set”. It’s funny today but Mrs. j damn near had a fit when the cards were “misplaced”. :mad:
Get back in here ASAP.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
I actually think Snake's comment has nothing to do with leasing vs. buying. He is really making the new vs. used (or get a new car every 3 years vs. keep it for a lot longer).
since really, leasing is just an alternate method of financing!
He is really making the new vs. used (or get a new car every 3 years vs. keep it for a lot longer).
You could be right! I thought he bought a new car last time....a Sonata.
In either case, my main point is that the lowest cost isn't always the best cost for every one. You can't really make a blanket statement that covers every one or every situation.
Keep us posted Roadburner! We want to hear the whole saga. She drove a base (121 hp?) Clubman with an automatic? What is the dealer's asking price on this car vs. MSRP on an identical new one? Was your wife bothered by the blind spot over her left shoulder?
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
I always assumed that leasing was more expensive but I'm wondering how much more someone would pay to lease and then buy vs. buying outright. Anyone have any figures on that?
BTW, I was unable to post for most of the day and while some people might think that is a good thing, I don't pay those hefty dues to jmonroe each month just to read. I hope that Edmunds finds out which one of the hosts is spilling his/ her drink on the keyboard. :mad:
Also, driver100, have you suffered any damage in Florida? The stories coming out of there don't look good.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Something went wonky with sign-in today, but it looks like the IT folks fixed it.
MODERATOR /ADMINISTRATOR Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name. 2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h) Review your vehicle
What exactly is the criterion? Are these all manuals? Some are like wagons and 1 is a sedan. I guess my question really is, what does the car have to have.
All slushboxes; basically, it's whatever she wants to drive- and she prefers European cars- I'd say there's a 10% chance shell look at anything Japanese and 0% chance she'll consider anything domestic or Korean(as they build nothing that floats her boat).
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
I'm very late to the table (only on June 16th posts), but I wanted to congratulate you on your new purchase. It sounds like a very pretty automobile. It's also nice that you can have a change and drive something different at times.
t I'm wondering how much more someone would pay to lease and then buy vs. buying outright.
Every deal is different and car prices vary and it depends on how long you keep your car for. Leasing is better in some situations just for logistical reasons. Buying could save you $1000 to about 10% or even 20% if you keep your car for a long time. But, if for example you need a BMW to impress clients, and you can't afford a downpayment, leasing makes it possible to own a nice car with $0 down and monthly payments that you might be able to afford.
Also, driver100, have you suffered any damage in Florida?
We are slightly South and East of Tampa so we didn't get damage. Seems Deb came in just North of Tampa. We got lots of rain though. People are nice there, our neigbors write and give us an update a few times a week.
Something went wonky with sign-in today, but it looks like the IT folks fixed it.
I tried to sign in and it said try removing some of your personal information. My personal information consisted of about 30 words, so I deleted about 20 words and tried again. It still didn't work. Although I deleted most of my info, I updated my current car from the last one.
Yeah, it was throwing that error at everyone, but the profile had nothing to do with it - editing profiles didn't make a darn bit of difference.
MODERATOR /ADMINISTRATOR Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name. 2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h) Review your vehicle
All slushboxes; basically, it's whatever she wants to drive- and she prefers European cars
Same characteristics as my wife. I try not to make recommendations, but if an Audi appeals to her at all, she may like an A4.
My wife is very particular, and she was coming from a manual 335, but there were certain things she liked about the Audi, and the price is pretty fair considering what you are getting.
We were expecting to buy a BMW 2 weeks ago - came within $1500 of signing the bill of sale, and then by some divine intervention we arrived at the Audi dealers, tried it, and we were very impressed.
but the profile had nothing to do with it - editing profiles didn't make a darn bit of difference.
Yeh, well now my profile is only 10 words long so people won't know what my former cars were. And, I don't know how to get back in there again unless we have the same problem again.
And, right now I am replying in the blank out zone, where there are no graphics.
Did Monroe run off with all our dues money he has been collecting, asking us to mail it to his BOX number?
just had the format disappear again (happens occasionally) and when I refreshed, this was up in the side boxes (such as where you go to select a make/model)
We've had a minor breakdown. The page you were looking for didn't load. Try refreshing the page, or check out our Site Map.
It's also nice that you can have a change and drive something different at times.
Thank you very much. Yes, she is really excited because this car is a different one. She has a white BMW now and the only color that looked good on the new ones (for her) was white. It would look the same as her current car, though there are some subtle changes. But, the Audi will be a very different car.
It won't arrive until late August of early September, but she is looking forward to it.
Driver, if you ever want to edit your profile, just hit the "Community Profile" link on the right-hand side of the page (of course, that is difficult to find right at the moment).
MODERATOR /ADMINISTRATOR Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name. 2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h) Review your vehicle
Mike, you are so right. On my last 4 or 5 cars, I have checked with Edmunds, KBB, and Carfax before setting out for the dealers. Though none are exact, the figures do provide me a point of reference for trade purposes. In negotiations, I have used all three figures as leverage to get the most for my trade.
i have also discovered that if the dealer has a customer standing by for your vehicle, you can get quite a bit more. When I sold the '03 Explorer in 2010, the top research figure showed a value of $7K. The dealer gave me $9K because a guy was looking for that particular model with lots of options which I had. As you say, there are so many factors which figure in when you're trading a car.
Hope you are feeling better by now. I'm now on June 17th in reading the posts. Perhaps I'll see more good news from you as i read the next few days worth of posts.
I really hate the idea of trading a car. It makes the process so much harder. I guess I would just concentrate on the OTD number, IE what I would be financing or paying for.
There are just too many ways to jumble the numbers. Dealer A is giving 5K for trade and is selling the car for 35K. Dealer B is giving 8K for trade, and is selling the car for 37K. etc ,etc,
I guess the best thing is if you have a "Carmax" or other used car superstore to get a "buy bid" before heading out so at least you have a baseline. If you can't get more from the selling dealer you can always sell it to them.
Selling privately is great too, but IMHO if the car is over 10K it is hard. Cheap sells pretty easily, if you are priced right.
one of the reasons my wife is not that excited by the CRV is, in fact, it's "hondaness". After having an Odyssey for 8 years, she is ready for a change, and the CRV reminds you a lot of the Ody (controls, look of the dash, seats, etc). Obviously not size wise!
So some people like having that "old shoe" comfort factor, and some people just want a change.
well, there is also her desire to have something more upscale (cool? Luxurious? something like that).
Leasing is much less expensive than buying a used car.
In the short term yes in the long run no. It's less expensive to buy used than leasing.
Using your example, after 3 years with the used car you still have a car and no payments. With the lease you have nothing after 3 years, you would need to lease another car.
Here is another example. Say we use your $20K car, you lease for 3 years and I buy outright with a 5 year loan. My payments would be about $135/month more. Let us presume that we both will drive 12K miles a year
After 3 years your lease would be over and I would have 2 years left on my loan. I would have a 3 year old car with 26K miles on it and owe about $8,715 on it, but it would be worth $12K (your 60% residual) giving me over $3K in equity. You would be at the dealer getting another lease.
After 5 years I would have a 60K mile car owing nothing on it, you would still have another years worth of payments.
After 6 years your lease would be up and you would need to lease again. I would have a year of no car payments and a car with 72K miles on ii.
Now these days 6 years and 72K miles on a car is nothing. So I keep my car while you get another lease.
After 9 years you have had 9 years of lease payments while I have only had 5 years of car payments. You would have paid thousand more in lease payments than I would have in car payments and what little repair bills I would have had.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Yes, *tjc, that is because there are many variables that make up an "out-the-door price" at a dealership. One dealer may be low on the trade while another low on the discount off MSRP.
Trading a late model car for a new car is often the best way to go. I pay a sales tax of 6%. If the car I am trading has a value of $50,000, there is $3000 in sales tax I don't have to pay if I trade rather than sell privately and pay cash. If the car I am trading has a value of $10,000, the amount is $600, or less significant. It's all a matter of the impact on sales taxes.
I also do not want to be bothered by phone calls and the like if I try to sell the car privately. And then there is the negatives associated with the buyer upset because a problem surfaces with the car.
On most circumstances, I'd rather trade so long as I know within a thousand dollars what my car is actually worth.
These days 40K on a car is just breaking it in. A car today should make it to 150K + with no problems.
You're right but I had no intentions of having a car that would have 150K on it since the car only got around 5K miles per year. Even I would have been sick of looking at it by the time it reached 150K. The XG350 wasn't a looker to start with but it must have known something so it blew at a little over 40K which was way more than a break in period for it.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
tjc and I are in Jersey. that is a 7% tax savings.
There is also an issue with private sales on more expensive cars. It is much harder to do.
But, at more modest levels, you can lose a bundle by trading. On my recent deal (bought a used Volvo, replaced a 2005 Accord), I was offered 7K, and sold privately for 10.5 (in 1 day). Even factoring in the lost tax savings ($490), I pocketed $3K, for taking a couple of pictures, posting on craig's, and showing it to one local couple.
Comments
What's the purpose of having it if you don't drive it. I have a former co worker who has a 1968 Shellby Mustang 429. He says it's worth $250,000.
He doesn't drive it much but he takes it out to cruise nights quite often. Seems a shame to have a great car and let it sit.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
I don’t know how many times I had my sons work the pedal while I was under the car playing with the wheel cylinder/caliper bleed screw (must be a dad thing). My sons knew exactly what I wanted them to do and we never had a problem nor did it take very long.
When we moved to SC (only Mrs. j and I) I had to replace a wheel cylinder around ’94 on the car she drove. Since the kids were not there I had to use Mrs. j for the pedal pushing and she was very reluctant at first but finally did it. I warned her explicitly not to take her foot off the pedal until I said, “OK, take your foot off the pedal. Because if you take your foot off before I have the bleed screw closed, air will get into the brake system and you will have a car with mushy brakes and the car might not stop when you want it to stop. Just listen for my OK. Got that?” I must have really put the fear of the car gods in her because when I did the wheel cylinder bleed it went like this:
Me: OK, take your foot off the pedal.
Mrs. j: Did you say OK?
Me: Yes.
Mrs. j: Really, did you say OK take my foot off?
Me: Yes dear take your foot off the pedal.
Mrs. j: OK, I’m going to do it now. OK?
Me: PLEASE, do it NOW before I grow so old that I can’t do this anymore. Thank you.
This went on 3 or 4 times before I climbed out from under the car and told her that it was nice that she was finally listening to what I was saying but the job shouldn’t take this long.
I think that is the only time she listened to what I said the first time. :sick:
She enjoys telling this tale to people when she’s around and overhears the guys talking about brakes.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Welcome back. Isn't it nice to come back to this site where you can trust everybody? BTW, Fezo and I forgot your credit card number so would you mind giving it to us again? :P
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Yeah but mine is the least collectable one ever made (1984) and is hardly show quality. Except for the horsepower, the newer Vettes are suppose to be superior to the old ones but I still prefer the style of the Stingrays (Sting Rays).
I've seen those Makos. They're very evil looking. Cool. :shades:
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
May I suggest that you use quotes for that? :surprise:
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
May I suggest that you use quotes for that?
Oh geez, yes, let me clarify.................
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
It's not really a daily driver type car.
My Mustang (Our Mustang
Last Sunday, I took it down the the CT shore.
Temps in the mid 70's, top down, 65 mph so you don't get beat up too much by the wind, and just a nice bit of nice exhaust noise out of the 5.0.
It was such a great drive.
Not only that, but @125 miles, the fuel gauge is usually sitting at 1/2.
140 miles and it still shows 5/8 left.
BTW, it still has the original brake fluid, transmission fluid and coolant. :surprise:
May I suggest that you use quotes for that?
That's what I was thinking.... :surprise:
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But, I said I read an article in the newspaper and then I copied the information from the article.
In fact I said, "There was an article in the paper the other day, the difference between being "frugal" and "cheap". " And then I gave the example from the article..........it wasn't my example and it wasn't my boyfriend.
People are just too quick to jump to conclusions........
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
2011 Mini Cooper Countryman- Nice enough, but not all that well equipped; no Xenons or Comfort Access(keyless start). She HATED the aluminum track that runs from front to rear and allows various accessories to be mounted on it.Only 3000 miles on it- the original owner died and his estate sold it to the dealer.
2011 Mini Cooper Clubman- She liked it a lot better; a Mini corporate car, it has 8000 miles on it and virtually every option save the sport package and navigation. She thought it drove better and had more power(it weighs @250 lbs. less than the Countryman). It doesn't have run flats -hooray!!!- and the wheels are only 15", making tire replacements relatively inexpensive.
2009 BMW 328i Coupe- Dull colors(Space Gray/Black) and the cold weather package is about the only option. CPO with 38000 miles. She likes BMWs and our dealer, but she wasn't in love with this car. Nice enough but hardly special was her response.
I showed her the new X1; the base AWD model with only heated seats is $36000. She may wait and order one.
More news as it becomes available...
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
Neither am I, thats because I will never lease. It just doesn't make fiscal sense.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Personally if I were to lease a car I would have to see what the down payment and monthly payments would be verses the monthly payments without the down payment. Then choose based on that,
To make such a decision based on an event that is unlikely is very poor planning.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
I would have to disagree with that. In a year and a half my auto loan will be paid off and I will have a car that will give me several more years of worry free service with no car payment.
Can't do that when you lease.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
What exactly is the criterion? Are these all manuals? Some are like wagons and 1 is a sedan. I guess my question really is, what does the car have to have.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Yes, if you like the car and decide to buy it back. And you will be buying it back for about half the price.
You will pay a little more for this convenience. But, at least leasing made it possible for him to drive a new car for a reasonable price, and gave him reliable care free driving for 3 years.
And the bonus, if he didn't like the car he can give it back and get a newer one. If he does like he can buy it back.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
For you it probably does make sense to buy rather than lease, but every one has different circumstances. It's right for some people, not right for others.
Leasing may not always make "fiscal" sense but in some cases it may make "logical" sense.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Nice to hear that this move is pretty much behind you. I know, you’ll be doing things for 2 years and it still won’t be how you want it but you know what I mean. Although with all the moves you’ve made this has to be like water rolling off a ducks back.
I also believe in Thank You notes being written for gifts. Many young people today fail to do this. A verbal gesture or an email does not satisfy that requirement. If I took the time to select and purchase a gift, then you should take the time to write me a note.
You must have gone to the same school that Mrs. j went to. When Son #1 got married she told both of them to set up a safe place that held all the gift cards with a note as to what was given so that when it was time to write the Thank You notes they would know where to find them and who gave what. She also told them that they should be sent out no later than 2 weeks after they returned from their honeymoon. Well, they “misplaced” some cards but they were “pretty sure” they knew who gave what. So, cards were sent out based on their thought of being “pretty sure”. To this day when some of the extended family gets together they still say to Son #1 and DIL #1, “you remember me I’m the one that didn’t give you the teapot, I gave you the toaster oven. Marcy gave you the teapot but you thought she gave you the knife set”. It’s funny today but Mrs. j damn near had a fit when the cards were “misplaced”. :mad:
Get back in here ASAP.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
since really, leasing is just an alternate method of financing!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
You could be right! I thought he bought a new car last time....a Sonata.
In either case, my main point is that the lowest cost isn't always the best cost for every one. You can't really make a blanket statement that covers every one or every situation.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
I always assumed that leasing was more expensive but I'm wondering how much more someone would pay to lease and then buy vs. buying outright. Anyone have any figures on that?
BTW, I was unable to post for most of the day and while some people might think that is a good thing, I don't pay those hefty dues to jmonroe each month just to read. I hope that Edmunds finds out which one of the hosts is spilling his/ her drink on the keyboard. :mad:
Also, driver100, have you suffered any damage in Florida? The stories coming out of there don't look good.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Something went wonky with sign-in today, but it looks like the IT folks fixed it.
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
All slushboxes; basically, it's whatever she wants to drive- and she prefers European cars- I'd say there's a 10% chance shell look at anything Japanese and 0% chance she'll consider anything domestic or Korean(as they build nothing that floats her boat).
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
Richard
Yes; it felt at least as spunky as her X3 2.5.
What is the dealer's asking price on this car vs. MSRP on an identical new one?
Original MSRP: $31059
Asking price: $23995
2011 Mini Cooper Clubman
She did complain about outward visibility(mainly the rear window) but it isn't a deal-breaker.
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
Richard
Every deal is different and car prices vary and it depends on how long you keep your car for. Leasing is better in some situations just for logistical reasons. Buying could save you $1000 to about 10% or even 20% if you keep your car for a long time. But, if for example you need a BMW to impress clients, and you can't afford a downpayment, leasing makes it possible to own a nice car with $0 down and monthly payments that you might be able to afford.
Also, driver100, have you suffered any damage in Florida?
We are slightly South and East of Tampa so we didn't get damage. Seems Deb came in just North of Tampa. We got lots of rain though. People are nice there, our neigbors write and give us an update a few times a week.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
I tried to sign in and it said try removing some of your personal information.
My personal information consisted of about 30 words, so I deleted about 20 words and tried again. It still didn't work. Although I deleted most of my info, I updated my current car from the last one.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
Same characteristics as my wife. I try not to make recommendations, but if an Audi appeals to her at all, she may like an A4.
My wife is very particular, and she was coming from a manual 335, but there were certain things she liked about the Audi, and the price is pretty fair considering what you are getting.
We were expecting to buy a BMW 2 weeks ago - came within $1500 of signing the bill of sale, and then by some divine intervention we arrived at the Audi dealers, tried it, and we were very impressed.
No pressure, but worth a test drive.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Yeh, well now my profile is only 10 words long so people won't know what my former cars were. And, I don't know how to get back in there again unless we have the same problem again.
And, right now I am replying in the blank out zone, where there are no graphics.
Did Monroe run off with all our dues money he has been collecting, asking us to mail it to his BOX number?
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
We've had a minor breakdown.
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2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
Thank you very much. Yes, she is really excited because this car is a different one. She has a white BMW now and the only color that looked good on the new ones (for her) was white. It would look the same as her current car, though there are some subtle changes. But, the Audi will be a very different car.
It won't arrive until late August of early September, but she is looking forward to it.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Driver, if you ever want to edit your profile, just hit the "Community Profile" link on the right-hand side of the page (of course, that is difficult to find right at the moment).
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
Yeah, I saw that and emailed host Steve. He told me IT was working on it. I found it amusing my profile was empty! All is good now.
2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic
i have also discovered that if the dealer has a customer standing by for your vehicle, you can get quite a bit more. When I sold the '03 Explorer in 2010, the top research figure showed a value of $7K. The dealer gave me $9K because a guy was looking for that particular model with lots of options which I had. As you say, there are so many factors which figure in when you're trading a car.
Hope you are feeling better by now. I'm now on June 17th in reading the posts. Perhaps I'll see more good news from you as i read the next few days worth of posts.
Richard
There are just too many ways to jumble the numbers. Dealer A is giving 5K for trade and is selling the car for 35K. Dealer B is giving 8K for trade, and is selling the car for 37K. etc ,etc,
I guess the best thing is if you have a "Carmax" or other used car superstore to get a "buy bid" before heading out so at least you have a baseline. If you can't get more from the selling dealer you can always sell it to them.
Selling privately is great too, but IMHO if the car is over 10K it is hard. Cheap sells pretty easily, if you are priced right.
2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic
My personal information consisted of my name. Edmunds still thought that was too much. I feel slighted.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
So some people like having that "old shoe" comfort factor, and some people just want a change.
well, there is also her desire to have something more upscale (cool? Luxurious? something like that).
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
Maybe- I'm going to see what gbrozen says over in RWTIV...
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
In the short term yes in the long run no. It's less expensive to buy used than leasing.
Using your example, after 3 years with the used car you still have a car and no payments. With the lease you have nothing after 3 years, you would need to lease another car.
Here is another example. Say we use your $20K car, you lease for 3 years and I buy outright with a 5 year loan. My payments would be about $135/month more. Let us presume that we both will drive 12K miles a year
After 3 years your lease would be over and I would have 2 years left on my loan. I would have a 3 year old car with 26K miles on it and owe about $8,715 on it, but it would be worth $12K (your 60% residual) giving me over $3K in equity. You would be at the dealer getting another lease.
After 5 years I would have a 60K mile car owing nothing on it, you would still have another years worth of payments.
After 6 years your lease would be up and you would need to lease again. I would have a year of no car payments and a car with 72K miles on ii.
Now these days 6 years and 72K miles on a car is nothing. So I keep my car while you get another lease.
After 9 years you have had 9 years of lease payments while I have only had 5 years of car payments. You would have paid thousand more in lease payments than I would have in car payments and what little repair bills I would have had.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
These days 40K on a car is just breaking it in. A car today should make it to 150K + with no problems.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Yes, *tjc, that is because there are many variables that make up an "out-the-door price" at a dealership. One dealer may be low on the trade while another low on the discount off MSRP.
Trading a late model car for a new car is often the best way to go. I pay a sales tax of 6%. If the car I am trading has a value of $50,000, there is $3000 in sales tax I don't have to pay if I trade rather than sell privately and pay cash. If the car I am trading has a value of $10,000, the amount is $600, or less significant. It's all a matter of the impact on sales taxes.
I also do not want to be bothered by phone calls and the like if I try to sell the car privately. And then there is the negatives associated with the buyer upset because a problem surfaces with the car.
On most circumstances, I'd rather trade so long as I know within a thousand dollars what my car is actually worth.
2024 Genesis G90 Super-Charger
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
You're right but I had no intentions of having a car that would have 150K on it since the car only got around 5K miles per year. Even I would have been sick of looking at it by the time it reached 150K. The XG350 wasn't a looker to start with but it must have known something so it blew at a little over 40K which was way more than a break in period for it.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
There is also an issue with private sales on more expensive cars. It is much harder to do.
But, at more modest levels, you can lose a bundle by trading. On my recent deal (bought a used Volvo, replaced a 2005 Accord), I was offered 7K, and sold privately for 10.5 (in 1 day). Even factoring in the lost tax savings ($490), I pocketed $3K, for taking a couple of pictures, posting on craig's, and showing it to one local couple.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.